Today, Alex Cabot and Ed Lambert of Birch Run Financial provide an update on the economy and the markets, through the second quarter of 2021.
Ed explains, how in terms of GDP, we are growing faster than at any point since 1984! We've recovered all pandemic-related losses, and any further economic growth will be new.
The employment rate is improving, and Ed explains why we expect it to get better over the second half of 2021. We also cover the housing and auto markets, as well as the federal reserve and interest rates.
Turning to the markets specifically, Alex talks about their resiliency after the initial shock of COVID in the spring of 2020. We look at growth vs value stocks, and low volatility. Valuations have gone down while stocks have risen.
Alex and Ed's key takeaway: We can't predict the ups and downs of the market (and the world), but diversification and an overall financial plan can help protect your future.
If you'd like help with your financial future, connect with Alex, Ed, and the team at Birch Run Financial:
Website: www.BirchRunFinancial.com
Email: info@birchrunfinancial.com
On Facebook: Birch Run Financial
On Twitter: @BirchRunFinance
Phone: (484) 395-2190